Winalta Inc.

Winalta Inc.

October 20, 2006 12:20 ET

Winalta Announces Exchange of Private Placement Subscription Receipts

EDMONTON, ALBERTA--(CCNMatthews - Oct. 20, 2006) - Winalta Inc. (TSX VENTURE:WTA.A) ("Winalta" or the "Company") is pleased to announce that effective September 26, 2006, the subscription receipts that were sold to qualified purchasers under a private placement that closed on September 20, 2006, were exchanged into 5,000,000 common shares of the Company on a one-for-one basis. The subscription receipts were exchanged upon completion of the successful acquisition of approximately 86.6% of the issued and outstanding common shares of Winalta by Kos Corp. Investments Ltd.

Unless permitted under the securities legislation and approved by the TSX Venture Exchange, the holders of the common shares must not trade their securities before January 21, 2007.

About Winalta: Winalta Inc is a producer of manufactured CSA certified homes, modular homes, sitebuilt homes, industrial projects and recreational homes. In addition, through its subsidiary, Vanguard Inc., the Corporation designs, manufactures, and wholesales recreational vehicles and industrial oilfield units.

Winalta Inc. shares trade on the TSX Venture Exchange under the symbol "WTA.A".

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

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